News about Silicon Valley business almost everyday.
SAN FRANCISCO – Restaurant reservation service OpenTable has named its first ever list of the Top 100 Restaurants in America list for 2023. Featuring an updated methodology using OpenTable diner reviews and new metrics, the list uncovers some of the most in-demand restaurants by OpenTable diners this year.1 The list only includes restaurants that use OpenTable for reservation […]
MENLO PARK – Element Energy, a Battery Management Technology company, has closed $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P.. The Series B round is co-led by one of the largest clean energy generation companies in the U.S. […]
EMERYVILLE, CA and GRENOBLE, France — Injectsense Inc., a sensor-enabled digital health company, and sister company Injectpower, a developer of ultra-miniature solid-state microbatteries for medical applications, have announced combined funding of $9.4 million to bring highly integrated autonomous implantable devices – smaller than a grain of rice — to production. The companies have operations in Emeryville and France. [Photo above: […]
SAN FRANCISCO — Cytovale, a commercial-stage medical diagnostics company focused on advancing early detection technologies to diagnose fast-moving and immune-mediated diseases, today announced it has raised $84 million in Series C funding led by Norwest Venture Partners with participation by additional new investors Sands Capital and Global Health Investment Corporation (GHIC). The financing included participation from other new and […]
HAYWARD — Lithos Energy Inc., a leading manufacturer of high-performance lithium-ion battery systems, has opened a state-of-the-art manufacturing and pilot line facility for its latest generation of batteries. The 65,000 square foot engineering facility is located in Hayward. This new facility will feature enhanced pack assembly automation and will manufacture, at scale, Lithos’ high-performance and high-durability battery […]
SAN FRANCISCO — ORO Labs, operator of a smart workflow orchestration platform for procurement, has raised $34 million in Series B funding led by Felicis, with participation from existing investors including Norwest Venture Partners, B Capital, and XYZ Venture Capital. This latest round, which will support the company’s rapid scaling of international and platform growth, […]
SAN FRANCISCO — Nextdoor — which operates a local-targeted social networking site covering 315,000 neighborhoods in 11 countries — is cutting 25% of its workforce or about 200 jobs to reduce costs. The move will save the company about $60 million per year in personnel expenses. Nextdoor reported earnings and metrics for the quarter ended […]
Persistently high mortgage rates continue to test California’s housing market as home sales fell for the fourth consecutive month in September, while the median price rose from the year-ago level for the third straight month to record its largest year-over-year gain in more than a year, according to the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.) Closed […]
BELMONT — Guidde, a video documentation platform harnessing generative AI, has raised a $11.6 million Series A funding round led by Norwest Venture Partners and joined by existing investors Entrée Capital, Honeystone Ventures, Crescendo Ventures, and new investor Tiferes Ventures. The Series A funding comes within a year of the company’s product launch, bringing its […]
SAN FRANCISCO — Govly, a market network for public sector procurement, has reeled in $9.5 million in Series A funding, bringing its total capital raised since 2019 to $13.1 million. Global software investor Insight Partners led the funding round with participation from YCombinator, FundersClub, and NordicEye. Govly plans to use the funding to build new products that […]
SAN FRANCISCO — Opal Camera Inc. has completed a $17 million Series A funding round led by Founders Fund, with continued participation from Kindred Ventures and other investors including tech creators Marques Brownlee and Casey Neistat. “We founded Opal under a simple principle – that the products you use the most often should be the […]
LIVERMORE – Taj Mahal, an authentic fine dining Indian restaurant, has opened at Republic Square at Livermore, bringing the rich and diverse flavors of India to residents near and far. The restaurant is located at 4705 Livermore Outlets Drive and has a lunch buffet Tuesday thru Sunday from 11:30 a.m. to 3:00 p.m. Named after […]